In a development spurring calls for a new "anti-bailout movement," the Greek Parliament early Friday approved a controversial €85 billion financial rescue package—the country's third such bailout from foreign creditors in five years, and one that will require the Greek people to endure further cuts and austerity.
The gun held to the head of the Greek people is the closing of all their banks - and the International Monetary Fund (IMF), the European Commission (eurogroup), and the European Central Bank (ECB) are willing to impoverish Greece down to the last pensioner, widow and child.
85 billion, sounds like what the Federal reserve gives out in Q-easing every month, who gets that 85 billion Q-easing and who pays for it?
Did Greece have a choice ?
The moves are fostering a deep sense of resentment among Tsipras’s allies and a conviction that Europeans sought to humiliate him. During a pivotal meeting with Merkel, French President François Hollande and European Council President Donald Tusk, Tsipras at one point received a thinly veiled threat that if he walked away and left the euro, Greece risked going it alone geopolitically, too.
According to two officials in Brussels with knowledge of the exchange, the specter was raised of aggression from Turkey — a neighboring nation viewed in Greece as a historic antagonist.
We will send in the Turks !!
This isn’t over by any means
virtually all that money goes to debt service to French and German banks. The tragedy here is that ordinary Greeks get virtually nothing from these bailouts other than the bill.
As drone 1066 has pointed out, the scam of big economics is right there in every news report - as soon as the money is handed over with one hand it is snatched back with the other. I think Tsipras has signed the Greeks into even worse than they might have got from a centrist government. He seems to have put his own career above principles. What’s next? Who knows? Civil war is unfortunately possible. The Greek people have been lied to and cheated for about 15 years now.
I had seen that stuff. I still think Tsipras should have stood his ground. Better to be screwed with dignity than screwed with humiliation. Look at how it turned out for Cuba…
I think that when faced with the engineered collapse of the economy Tspiras fell on his sword and put the collapse off for a while. He committed political suicide to keep the banks open.
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Once again the Corporates Masters in accordance with the noisome Milton Friedman Shock Doctrine have destroyed, through their lackeys and servants, a country. Wait for the privatisation take overs: you’ll see. We are screwed my friends. It’s happening everywhere.
On the other hand look at what happens in Syria Libya and in the Ukraine when the Western nations did not get their way,
I have no doubts whatsoever that the Western nations would have sponsored “freedom fighters” and stoked a civil war inside of Greece. Cuba was fortunate in a way. it was an island nation and most of the batista supporters had fled and added to that early on it had the USSR as a protector. There was also a President in power at the time in the USA who was not too supportive of that bay of Pigs invasion and had a serious rethink on foreign policy when the World was almost plunged into a Nuclear War.
That all changed in the coup of 1963 .
Former Finance Minister Yanis Varoufakis was working on an alternative plan
in case Greece was forced to issue scrip, or if it was forced out of the euro.
Too bad the Greece PM’s got cold feet.
Too bad Yanis Varoufakis faces ‘‘criminal’’ charges.
Gosh, I’m wondering who the real criminals are?
Could it be the global power elite and their henchpeople?
And once the mafia and CIA started working together,
it was hard to tell them apart.
Actually it’s the French and German taxpayers that bailed out Greece. Spain who is also in trouble contributed 25B, Italy 37B.
I really can’t believe the Eurozone fell for it again. In 2011 (or whenever this all stared) Greece’s private lenders got a 50% “haircut” and the Eurozone took over the rest of the debt. looks like 4 years later Greece still didn’t get their act together.
And the Quisling Greek Government is quite willing to go along with this?
- The Troika wants to punish the Greeks for standing up to usury and worse by a corrupt bunch of “Payday Loan Sharks”.
- Hellas’ declaration to the Troika to put their illegal debt where the sun don’t shine must have scared the Hell out of them, so they want to destroy Greece as an example to any other impoverished nation wanting to get out from under this bunch of mafiosos.
- Stand fast, Hellas! Get rid of your quislings, deny this illegal debt, then buckle down and rebuild. Others have done it successfully, and the Troika’s reaction to your action pretty well points out that you scared them.
Keep up the pressure!
cool story bro.
i’m just kidding, it’s not.
Let me guess: you think it’s the lazy Greek people who want free money that caused this situation, right?
In any event, thanks for executing your contribution for power today. Yay!
It would be helpful to see major details of the current terms and how they differed from July5.
ctrl-z Yes. It is also my belief that the EU and the US threatened to give the nod to Turkey to do as it will with Greece. Turkey has been buzzing Greece airspace to a very large degree recently. Also, V Nuland visited Tsipris, and I wonder whether she mentioned the word coup. Greece is very easy to threaten. The US does not want to see Greece turn to the East as this does not help US policy toward Russia and Ukraine.
Wonder what our Pres candidates have to say about all this …